Civeo Corp reports results for the quarter ended June 30 - Earnings Summary
Civeo Corp reports results for the quarter ended June 30 - Earnings Summary
Civeo Corp CVEO.N reported a quarterly adjusted loss of 23 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of three analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -30 cents to 15 cents per share.
Revenue rose 10.6% to $180.02 million from a year ago; analysts expected $170.92 million.
Civeo Corp's reported EPS for the quarter was a loss of 23 cents.
The company reported a quarterly loss of $2.52 million.
Civeo Corp shares had fallen by 7.1% this quarter and gained 42.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1,600% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Civeo Corp is $38.00, about 14.5% above its last closing price of $32.50
This summary was machine generated from LSEG data July 30 at 02:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.15 | -0.23 | Missed |
Mar. 31 2026 | -0.61 | -0.34 | Beat |
Dec. 31 2025 | -0.43 | -0.56 | Missed |
Sep. 30 2025 | 0.21 | -0.04 | Missed |
Recent news on Civeo
See all newsCiveo Corp reports results for the quarter ended June 30 - Earnings Summary
Civeo Q2 revenue rises 11%, beats analyst estimates
Hospitality co Civeo falls after convertible offering, Western Canada contract renewal
Brief: Civeo Corporation Prices $100.0 Million Convertible Senior Notes Offering
Civeo Q1 revenue beats analyst estimates; ups FY sales forecast